We are hereby submitting the Disclosure under Regulation 31A(10) of SEBI(LODR) REgulations, 2015
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Rotographics (India) Ltd has informed BSE that promoter Ashok Kumar Singhal has been reclassified from the promoter category to the public category following the completion of an open offer under SEBI Takeover Regulations. Pre-offer, Singhal held 18,40,300 shares (13.99% stake); post-offer, his holding is reduced to Nil (0.00%). The reclassification was made under Regulation 31A(10) of SEBI (LODR) Regulations, 2015, with Singhal confirming he no longer exercises any control, holds no special rights, and has no board representation in the company. The company is now led by Managing Director Shrey Gupta, indicating a change in control/ownership structure.
This marks a complete exit by the erstwhile promoter, effectively removing promoter shareholding from the company. Shareholders should note a significant change in the ownership structure, and the stock may see reduced promoter skin-in-the-game going forward.